Category: News and Trends

Following a Federal Housing Finance Agency request for input on issues faced by borrowers with limited English proficiency, the Mortgage Bankers Association and other associations raised serious concerns about proposals to add a “Language Preference” question to the Uniform Residential Loan Application.

The Mortgage Bankers Association’s Mortgage Action Alliance issued a Call to Action, urging members to contact the Federal Housing Finance Agency on a controversial proposed question on Limited English Proficiency in loan applications.

ATTOM Data Solutions, Irvine, Calif., said home sellers in the second quarter saw the highest average price gain in 10 years.

When asked the best way to invest money not needed for more than 10 years, more Americans said “real estate” than any other option, albeit not by much.

Largely absent for the past decade, some big banks could be staging a return to the private-label U.S. residential mortgage-backed securities market in the second half of this year, said Fitch Ratings, New York.

Commercial mortgage-backed securities delinquency rates edged up to their highest levels since 2015, although analysts cautioned that those rates could be nearing their peaks.

The market shift toward more purchase mortgages, coupled with rising rates and tight inventory, is generating the consistent upward trend in defect risk, said First American Financial Corp., Santa Ana, Calif.

A new Home Equity Report from Zillow Inc., Seattle, said Gen X homeowners bore the brunt of the housing crash, and it still shows a decade later as they lag behind in gaining equity in their homes.

The Mortgage Bankers Association’s Mortgage Action Alliance issued a Call to Action yesterday, urging lawmakers in the House and Senate to continue moving toward secondary mortgage market reform.

Conservatism has swept over the real estate investment trust sector, reported Fitch Ratings, New York.